Jones Day advised Banco Santander México on the transaction
Inmobiliaria Conjunto Polanco – a subsidiary of retailer Grupo Gigante – secured a $86.9 million credit facility from Banco Santander México.
Poceeds will be used to finance the construction and development of Miyana, a mixed-used residential and commercial real estate development in Mexico City.
Miyana, is one of the largest mixed-used developments in the Mexican capital, covering 1.5 million square feet, and which opened in 2016 in the Polanco neighbourhood.
Jones Day advised Banco Santander with a team including Alberto de la Parra (Picture), Arturo de la Parra, Eliana Gonzalez, Ricardo Gali, Irene Anton and Jose Paoli.
Law Firms: Jones Day;
Clients: Banco Santander Mexico SA;